MAS and SGX develop blockchain settlement system

The Monetary Authority of Singapore (MAS) and Singapore Exchange (SGX) have developed a system for tokenised assets across different blockchain platforms.

In a press release, MAS said that the new Delivery versus Payment (DvP) will help simplify post-trade processes and shorten settlement cycles.
The DvP prototypes, developed with Anquan, Deloitte and Nasdaq, showed that financial institutions and corporate investors can carry out the simultaneous exchange and final settlement of tokenised digital currencies and securities assets on different blockchain platforms.